Posted by Sharon Lanen Coskren on 5/18/2018

Although your condo has served you well for many years, now may be a great time to look to move out of your condo and into a new home.

Ultimately, there are many reasons why you might want to sell your condo, including:

1. Your condo is too small.

Your condo was large and spacious when you initially moved into it a few years ago. However, as you have accumulated items and your family has grown, your condo now lacks the space you need.

If you find that your condo is too small for your family, there's no need to worry. In many instances, a condo offers a great starter home, and it is common for people to look to upgrade from a condo to a house.

Lucky for you, interest in condos is rampant across the United States. This means you should have no trouble stirring up interest in your condo if you ever decide to sell it.

2. You want to capitalize on a seller's market.

The housing market fluctuates constantly. As such, when a seller's market arrives, it may prove to be the best possible time to maximize the value of your condo.

In a seller's market, there is a shortage of quality properties available and an abundance of homebuyers who are searching for their dream residences. Meanwhile, if you own a top-notch condo, you may be able to add it to the real estate market and receive a hefty sum for your property.

To learn more about how a seller's market works, consult with a real estate agent. This real estate professional will be able to educate you about the ins and outs of a seller's market. And if you decide to list your condo, your real estate agent will be able to help you price it competitively from the get-go.

3. You want greater flexibility to complete home improvement projects.

Let's face it your homeowners association (HOA) does an excellent job to maintain your home's exterior, but it would be great to have the flexibility to complete a home exterior project without the HOA's approval.

Condo living involves trade-offs. Typically, condo owners will pay HOA fees that guarantee walkways are shoveled in winter, lawns are cut in spring and summer and other day-to-day home maintenance tasks are performed regularly. On the other hand, if you want to repaint your home's exterior, you'll likely need the HOA's approval to do so. And if you decide to add a fresh coat of paint to your home's exterior on your own, you will probably receive HOA fines and penalties.

As a homeowner, you'll never have to worry about asking an HOA's permission to update your house's exterior. Instead, you can paint your home any color you'd like, plant a garden in your front yard, install a swimming pool in your backyard and much more any time you choose.

Ready to add your condo to the real estate market? Employ a real estate agent, and you can boost your chances of optimizing the value of your condo.




Tags: Condo   condo fees   condo rules  
Categories: Uncategorized  


Posted by Sharon Lanen Coskren on 3/2/2018

Buying a condo requires hard work and patience, particularly for property buyers who are searching for a condo that they can enjoy for years to come. Thus, there are many questions that condo buyers need to ask before they purchase a property, including:

1. What Does the Condo Include?

Although a condo will feature home essentials like bedrooms and bathrooms, there are other factors that condo buyers need to consider as well.

For example, does a condo offer reserved parking? If not, where will you park your car day after day? And if you invite guests to visit, where can they park their vehicles? These are just some of the questions you'll want to consider about a condo before you submit an offer. Ultimately, you'll want to ensure that you are comfortable with everything that a condo has to offer. And if a condo fails to meet your expectations, keep in mind that other properties may be available that satisfy your needs.

2. How Much Are the Homeowners Association (HOA) Fees?

Condo owners usually are responsible for their monthly mortgage costs, along with HOA fees.

HOA fees are used to cover property maintenance costs throughout a condo community. The costs ensure that your neighborhood will feature fresh-cut lawns, clear walkways and other great features that help it stand out from other neighborhoods. At the same time, HOA fees must be considered before you purchase a condo, as these costs can add up quickly.

In many instances, HOA fees may add several hundred dollars to your monthly expenses. As such, you should find out exactly how much your HOA fees will be prior to buying a condo.

Consult with your real estate agent to learn more about a condo community's HOA fees. By doing so, you can budget accordingly.

3. What Are the HOA Rules?

HOA rules may vary from community to community, and you should get a copy of these rules to determine whether they correspond to your lifestyle.

For example, some condo communities feature quiet hours. On the other hand, various condo communities may have rules in place to prevent condo owners from renting out their properties.

Your real estate agent should have no trouble providing you with a copy of the HOA rules for a particular condo community. Examine these requirements closely before you make your purchase decision, and you can understand how the HOA rules will impact your day-to-day life in a condo community.

No one should be forced to settle for an inferior condo. Fortunately, employing a real estate agent with condo experience can help you speed up the process of finding a terrific condo.

With support from an experienced real estate agent, you can browse a broad array of condos in any city or town. Plus, your real estate agent can offer details about HOA fees and rules, along with provide expert tips to help you secure the perfect condo at a great price.

Collaborate with a real estate agent, and you can improve your chances of discovering your ideal condo.




Tags: Condo   condo fees  
Categories: Uncategorized